Which of the following statements is true?
A) Treasury bills mature in 2 to 10 years.
B) Treasury notes mature in 13 or 26 weeks.
C) Treasury bills, notes, and bonds are considered to be very safe investments.
D) Municipal bonds are issued to help the federal government build new projects such as highways and stadiums.
C
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When obtaining information is costly, competition is
A) less effective at forcing prices down. B) more effective at forcing prices down. C) only effective at forcing prices u
Technological change creates long-term hardships for workers with specialized skills
a. True b. False Indicate whether the statement is true or false
Rent-seeking activity
a. is any revenue associated with long-term leases b. is any costly action a firm undertakes to acquire or maintain monopoly power c. is an attempt to inflate costs and reduce tax liabilities d. occurs when a monopoly leases out some of its assets e. is any rational action a consumer undertakes in seeking the lowest rent
From 2004 to 2008, the federal budget deficit, on an official fiscal-year basis was
a. large and growing larger. b. "negative," that is, the budget was in surplus. c. declining. d. increased by the rising Social Security deficit.